The Lagos Commodities and Futures Exchange (LCFE) is getting set for trading in four broad ranges of assets that promise to open up enormous wealth across the country.
Lagos Commodities and Futures Exchange (LCFE) Chairman Patrick Ezeagu, at the weekend, said the LCFE has received regulatory approval to begin trading in four classes of assets – agricultural commodities, currencies, solid minerals and oil and gas.
The LCFE is being promoted by the Lagos State government and the Association of Securities Dealing Houses of Nigeria (ASHON).
Ezeagu, who doubles as ASHON president, said the LCFE was awaiting the final operating licence from the Securities and Exchange Commission (SEC). The promoters have secured all preliminary approvals.
Ezeagu said: “We have secured regulatory approval to commence trading on four asset classes: agricultural commodities, currencies, solid minerals and oil and gas. The final licence is expected to be granted by the Securities and Exchange Commission (SEC) any moment from now. We are also working to finalise on our technology partnerships with our vendors.”
He said that ASHON’s decision to float the Commodities Exchange was in line with the Federal Government’s drive towards the development of agriculture and solid mineral sectors and creating wealth for all stakeholders.
He pointed out that the LCFE will put Nigeria on the global revenue map and enhance foreign currency exchange inflow.
Conducting stockbrokers around the facilities of the LCFE during an on-the-spot assessment at the weekend, Ezeagu noted that stockbrokers are the major players in the Exchange as without them, trading will be almost impossible.
LCFE Chief Executive Officer Mr. Akin Akeredolu-Ale, who made an elaborate presentation on the operations of the Exchange, explained that availability of dealing members would enhance operations on the Exchange.
He said the LCFE would not re-invent the wheels but leverage the staff’s skills and competencies to position the new Exchange as a point of reference.
Stockbrokers endorsed the LCFE, describing it as an initiative that would expand investment opportunities for all stakeholders in the financial market.
They, however, urged the board and management of the LCFE to prioritise capacity building to ensure professional dealings by the commodity traders and other intermediaries in the capital market ecosystem.
Chief Executive Officer, Wyoming Capital and Partners, Tajudeen Olayinka, described LCFE as a step in the right direction, in view of the global developments in the commodities exchanges.
He said the new Exchange had the potential to operate optimally but urged the management to stimulate activities in the spot market by establishing relationship between the banks and the commodities merchants so that the banks can support the traders.
The Chief Executive Officer, Highcap Securities Limited, David Adonri, praised ASHON for establishing LCFE and urged the management to put in place facilities for trading in derivatives to boost investment opportunities associated with commodities products.
The Group Managing Director, Chams Plc, Femi Williams, said that everything about the Exchange would be paperless.
He explained that identity management would be deployed by Chams to boost valuation of participants in the market.
“Straight Through Process (STP) would be adopted for transaction, there shall be a feedback mechanism through trade alert. Participants would be grouped and there shall be rules governing trading on the asset classes,” Williams said.
BORNO State Governor Kashim Shettima has confirmed that former governors in the yet-to-be inaugurated Ninth National Assembly have endorsed Senate Leader Ahmed Lawan and House of Representatives Leader for Senate President and House Speaker respectively.
Shettima made the confirmation while fielding questions from reporters in N’Djamena, Chad, at the weekend.
Besides, the governor informed that the three senators-elect and House of Representatives members-elect from Borno State have endorsed Lawan and Gbajabiamila for the exalted offices.
He, therefore, dismissed the insinuation in some quarters that former governors in the National Assembly were against the election of Lawan and Gbajabiamila as leaders of the two chambers of the national assembly.
According to Shettima, supporting President Muhammadu Buhari’s programmes and political decisions remained the only for the APC governors to show appreciation to the President.
He said: “All our governors, including those coming to the senate are 100 per cent in support of our party’s stance as far as election of new leadership for the national assembly is concerned.
“As far as Borno is concern, we are in alignment with the aspirations of Mr. President and that of our party. “Whoever the party endorses for any position, we will solely stand behind such a person because party discipline is absolutely essential for the sustainability of our democratic experiment.
“If everyone is to vote according to his own free will surely that would be a recipe for disaster or confusion. So, we have to align ourselves with the aspirations of the president.”
The governor, who was part of Buhari’s entourage to meeting of member nations of the the Community of Sahel – Saharan States (CEN SAD) in N’Djamena, expressed the hope that the body would come out with lasting solutions to the challenges of insecurity in the affected areas.
Commending Buhari for his role in promoting peace and stability in the region, the governor enjoined member nations of the CEN SAD to intensify efforts in addressing the problems of terrorism and banditry along the Lake Chad basin and beyond.
THE Nigerian Security and Civil Defence Corps (NSCDC) will today begin clampdown on petrol dealers hoarding or diverting products in Ekiti State.
The NSCDC, Ekiti Command, said it would not allow those he described as unscrupulous dealers to create artificial scarcity in the state over anticipation of a rise in official pump prices.
Governor Kayode Fayemi on Friday issued similar threat against some petrol dealers found to be hoarding fuel.
This situation has forced motorists to engage in panic buying since Friday.
The development had also caused long queues in filling stations across the state and hike in the pump price in some stations to N160 per litre.
Speaking with reporters in Ado-Ekiti yesterday, the command’s Commandant, Mr. Solomon Iyamu, said he had instructed anti-vandal operatives to begin random surveillance on petrol stations and arrest those hoarding the product.
Iyamu, who spoke through the command’s Public Relations Officer, Tolu Afolabi, added that the operation would begin by 8am today.
“We realised that long queues and artificial scarcity had been created by some petrol dealers and we are ready to address the issue.
“We learnt from good authorities that very high number of our petrol stations are now hoarding the product. Some are also selling above N145 pet litre. These are the issues we will tackle squarely,” he stated.
The NSCDC boss appealed to motorists to always inform it of any wrongdoings from any filling stations to help his men and officers in carrying out the operation.
He promised that the command would also strengthen its operation to prevent those who could divert products meant for Ekiti to another state, thereby creating scarcity in the system.
Iyamu, however, warned petrol dealers against inflicting hardship on the people by hoarding the product, saying it is illegal and any filling station found culpable of such an activity would be sanctioned accordingly.
Ex-Super Eagles’ captain, Austin Jay Jay Okocha has resolved his tax evasion case with the Lagos State Internal Revenue Boarding with indications rife that the suit may be struck out today when it comes up for hearing.
Reports have it that the former footballer has reached an amicable settlement of the case with the state authorities, which could possibly lead to the withdrawal of the case from a Lagos High Court.
The case, which is before Justice Adedayo Akintoye, will be heard today but a government source familiar with the suit revealed that the cause may be struck out since Okocha has reached an agreement with the prosecutor.
On January 29, 2019, a Lagos High Court had issued a bench warrant for Okocha’s arrest for failing to appear in court severally to defend himself on the allegation of tax evasion brought against him.
The prosecutor, Dr Jide Martins had on June 6, 2017, filed the charge and when the case came up for hearing on October 5, 2017, the defendant did not appear in court.
The prosecution had told the court that the defendant had failed to furnish the Lagos State Internal Revenue Board with a return of Income for tax purposes.
He said that the offences contravened Sections 56 (a) and (b) of the Lagos State Revenue Administration Law No.8, 2006 and Section 94 (I) of the Personal Income Tax Act Cap P8, Laws of the Federation of Nigeria 2004.
Okocha is the first high profile Nigerian footballer to be dragged to court for tax evasion.
Top stars like Lionel Messi and Cristiano Ronaldo hauled before courts for similar cases in Spain.
Ronaldo was handed a suspended jail term recently in addition to paying millions of dollars to the Spanish tax authorities.
The ex-Real Madrid superstar signed an agreement to pay $21.6 million in fines after he pleaded guilty to tax fraud in a Madrid Court.
The Portuguese striker, now playing for Juventus, faced tax avoidance charges from his time as a player in Spain at Real Madrid.
Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company Plc are shopping for $700 million (about N253 billion) to develop their joint venture gas project in Imo State, it was gathered at the weekend.
NNPC and Seplat had in August, last year, signed five agreements for the construction of the gas processing plant with an initial capacity of 300 million standard cubic feet per day of gas (mmscf/d). The agreements were meant to expedite the development of the project, which is expected to deliver about 3 billion standard cubic feet of gas per day in the future.
The project known as Assa North-Ohaji South (ANOH) gas development scheme, is one of the 7 Critical Gas Development Projects (7CGDP) identified to boost gas production and infrastructure development in the country.
A special purpose vehicle (SPV) known as ANOH Gas Processing Company (AGPC) is being promoted by the two firms to develop, build, operate and maintain the gas processing plant,
The Managing Director of Seplat, Austin Avuru, said Seplat and Nigerian Gas Company (NGC) will provide 60 per cent of the funds as equity, while ANOH will source the balance as debt.
“Both parties already have each contributed $100 million in equity. There will be another equity injection and at the back end of it will be debt,” Avuru said.
The plant, which will process wet gas from the unitised upstream fields at oil mining leases (OMLs) 53 and 21, has an initial capacity of 300 mmscf/d.
It’s scheduled to begin production by the last quarter of 2020 and the first supply is targeted in 2021, Avuru said.
Federal Government is encouraging investments in gas infrastructure to improve supplies to power companies and diversify the economy away from oil, which currently accounts for the bulk of its revenue.
ANOH will target local customers and has the capacity to double production “depending on domestic demand and the availability of feeds including third-party gas,” Avuru said.
Seplat will more than double capital spending to $200 million this year from 2018 as it seeks to take advantage of ‘relative stability’ in the Niger Delta region, he said, adding that if Niger Delta is stable, the rest is easy for us to handle.
Seplat, which is listed on the London and Nigerian Exchanges, will spend about 70 per cent of its capital budget on drilling after a three-year lull, Avuru said. The rest will be for “facilities and gas development,” he added.
Seplat is targeting output of 49,000 to 52,000 barrels of oil equivalent a day (boe/d) this year and will probably start seeing a gradual increase in production from next year on sustained expenditure and stability in the Niger Delta, he said.
He urged the AGPC to work hard and deliver the project on schedule, within budget, and to specification, stressing that it was designed as world-class gas processing plant with a capacity to deliver between 3.0 billion and 3.4 billion standard cubic feet of gas daily.
The Nigerian Gas Processing and Transportation Company (NGPTC) an arm of Nigerian Gas Company, signed the execution of Heads of Terms (HoT) on behalf of NNPC with Seplat and AGPC on December 19, 2017.
As a result of the HoT, the steering committee for the AGPC project, provided the leadership and broad guidance for the development and finalisation of the various commercial agreements required to underpin the project.
Avuru said the ANOH gas project is a landmark project, which captures the essence of the gas infrastructure development initiative of the Federal Government as encapsulated in the 7 Big Wins and 12 Business Focus Areas programmes.
Nassarawa State outgoing Governor Tanko Al-Makura spoke on live Television Continental programme, ‘The Platform’, anchored by SAM OMATSEYE, on the implications of President Muhammadu Buhari’s victory for the state and country.
For the first time, Nasarawa State delivered the presidency to your party. President Buhari has never won Nasarawa State. What is going on in your mind right now?
Jubilation, contentment and a feeling of fulfilment because not everybody will be that lucky that at the twilight of one’s tenure to have all these wonderful things happening for him. The president has won in Nasarawa State, I will advice history because that is for the first time since he embarked on his political journey in 2003 so we have broken that jinx like I have always said.
Secondly, we delivered the governor to APC and what is even most exciting is that this governor that we have elected is someone that we cherish, someone that we are sure have the capacity and capability to move the state to the next level.
The third one is that I was lucky to be elected as senator and not only that, that in this dispensation, we have won all the senatorial seats to the APC. We cannot ask for more. I must say this is one of the most exciting moments politically that I have experienced.
The presidential victory was won but it was such a narrow victory and some people were saying, maybe, the areas that were cancelled probably would have turned the election here or there.
Victory is victory. By the time you attain victory, the issue of how much you have got or how much you won, to me is immaterial. What is the most fundamental thing is for one to win. Even if it is by one vote because that shows that the preponderance of vote, majority of the votes are won by your candidate and as far as I am concerned in a very daisy environment, very difficult and impossible political environment like Nasarawa, for the president to have won for the first time and with a margin of over 6,000 votes, I think is something impressive.
Now you are talking about the difficult state of Nasarawa. The eight years that you have been privileged to shepherd the state has not been easy. There was the Mbaitse crisis, which was a militancy problem that really stole the national limelight. Your political foes also wanted to impeach, and then we also had the herdsmen crisis. These three were very very earth shaking to Nasarawa. Take us through how you were able to navigate these difficult times?
Anytime I think about my political experience in Nasarawa state, 2011 till now, I just get seized by certain feeling of making the impossible possible and I believe that it is not all to ones credit and I think to a large extent by the Grace of God because if you look at the complexity, the peculiarity of Nasarawa state, it is one of the most difficult states.
Why?
It is highly heterogeneous state. Few people know that) a heterogeneous state but in history, in political disposition, and even social psychology of the people because by historical antecedents, the majority of people of Nasarawa State come from three different kingdoms. One sector from the Hausa-Fulani kingdom. One sector from the Kanem-Borno and another from the Korola family. So, it is a meeting point of different cultures, different tendencies and religion; with this background you should expect a heterogeneous lenience to different political persuasion and not only that our closeness to the Federal capital has also made Nasarawa state become much more difficult state to handle because the influence of the Federal capital territory with all the tribes, all the tendencies in Nigeria, overrunning Nasarawa state, every nook and cranny that also helps to complicate the social structure, the political structure of the state.
There has always been a problem in Nigeria politics with the successor and the god father and so on and so forth. How are you guys going to manage the relationship which is very good at the moment?
I think without making a sweeping statement, I will say that what is usually the cause of conflicts between two friends or two like minds is probably when one crosses the line. As far as I am concerned, have been privileged to be governor for eight years and through divine providence I have been able to support Abdullahi Sule and the people of Nasarawa have been able to support us. As far as I am concerned it starts and ends at that. By that time, I take my bow as the governor of Nasarawa State, he is in charge. I will not want to interfere with his focus, his vision and his commitment to governance. I believe by so doing, he will have an unfiltered attention to ensure that his policies, manifestos and objectives are fulfilled.
A lot of time, when you find two friends or one who have facilitated the emergence of the another go sour, I think it has to do with interference and I believe as a statesman, I would rather allow him to do his work and we continue as friends.
But, as a citizen of Nasarawa State and one who has occupied the seat he is occupying, if I see anything that is worthy of comment to him for him to take a look at, I think I will do it in good faith, other than that he is on the saddle, he should be allowed to execute what he believes in to ensure that he achieves his objectives for which he was elected.
Operatives of the Lagos State Environmental Sanitation and Special Offences (Task Force) Unit and the Lagos State Environmental Sanitation Corps (LAGESC) have dislodged those trading on road setbacks and walkways in Ikeja.
They gave food vendors blocking a portion of Awolowo Road, opposite Airport Hotel, Ikeja, 72 hours to quit so as to allow residents unfettered access to their homes at night.
In a statement yesterday, task force Chairman Olayinka Egbeyemi, a Chief Superintendent of Police, said the illegal traders, hawkers and other environmental nuisances were impeding free flow of traffic around Kodesho Street, Medical Road and Ikeja Under Bridge towards the railway line.
The statement said Section 1 of the Lagos State Street Trading and Illegal Market Prohibition Law 2003 prescribed N90, 000 fine or six-month jail term for buyers and sellers of goods on all roads across the state.
“Despite continuous advocacy, enlightenment and appeals from the government, some illegal traders and hawkers are still in the habit of violating the extant environmental laws of the state by causing disorder and serious environmental infraction on the roads through their activities”, it said.
It warned “all illegal traders and hawkers to vacate the roads in order to drastically reduce inconveniences to motorists, enhance the sustainability of the environment and protect public infrastructure, which are often vandalised by hawkers and street traders.”
Seven persons were arrested, while goods including fairly-used clothes (okrika), shoes, belts, electronics, gas cylinders and phone accessories were seized during the exercise.
Commissioner of Police Zubairu Muazu has directed that they be prosecuted.
Changan Motors Nigeria, has unveiled the CS75, a Sport Utility Vehicle (SUV).
The introduction was on the heels of the accomplishment of the brand, unveiled three years ago.
It is an upgrade of the CS35 that has won the confidence of SUV enthusiasts.
Changan Motors Nigeria Head, Sales and Marketing Vijay Sengar said the company is delighted that the brand has validated the quality, aesthetics and sturdiness of Changan line of automobiles, barely three years after it was introduced in the country.
At a media preview of the vehicle in Lagos, Sengar said the vehicle, assembled in Nigeria, is competitively priced to challenge segment leaders, including B-segment SUVs – Hyundai Tucson, GS4, and Nissan Qashqai.
The Changan CS75 crossover has the trappings of opulence, roomy, comfort, and striking ambience.
Manufactured by Changan Automobile, one of China’s leading automobile manufacturers, with extensive investment in advanced research and innovative technologies, the Changan CS75 brings to bare the company’s 157-year experience in manufacturing.
The rear end of the SUV, similarly, gets a distinguishing tailgate spoiler and a diffuser that exhibits a sporty character; incorporating Light Emitting Diodes (LED) taillights with brushed aluminum trim on the front and rear bumpers as well as agreeable chrome-plated elements and electroplated exterior trim pieces.
It comes with 1.8-litre four-cylinder engine and 58 litres fuel-tank capacity. Its six-speed automatic transmission, churns out 130 horsepower and 230Nm of torque @ 220rpm in an estimated fuel-efficiency of 8.1 litres per 100km.
The CS75 also ensures driving comfort with a blind-spot monitoring, keyless entry, push button start, trunk soft curtain, intelligent visible parking assist system, comprehensive six-airbag and very light multifunctional electric power steering, which makes getting in and out of tight spots an easy task.
Rated as one of the safest SUVs in China, the Changan maker of the CS75 said the vehicle scored 59 points out of 62 in the Chinese-New Car Assessment Programme (C-NCAP), is a strict and comprehensive evaluation aimed at reducing harm and loss in traffic accidents.
Assembled, serviced and marketed by Stallion Motors Limited, the CS75 is available in Changan Motors’ Nigeria accredited showrooms across the country.
The African Development Bank (AfDB) at the weekend approved $15 million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria.
The bank said the investment package comprise a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market.
InfraCredit is a specialised infrastructure credit guarantee company, established to enhance local currency debt instruments – mainly bonds, to finance eligible infrastructure projects in Nigeria. It is intended to uplift the credit rating of such bonds, allowing institutional investors to include them in their portfolios.
InfraCredit was founded by the Nigerian Sovereign Investment Authority (NSIA) in collaboration with GuarantCo (part of the Private Infrastructure Development Group). These initial investors have been joined by the Africa Finance Corporation (AFC) and KfW, the German Development Bank.
The AfDB’s investment in InfraCredit will catalyse local institutional investor funds, including pension funds, into financing long-term infrastructure projects through the local bond markets. The investment will boost InfraCredit’s qualifying capital base through the subordinated loan; it will also improve its capacity to expand its guarantee business through the proposed risk sharing arrangement.
Through this intervention, the bank is helping to stimulate local currency financing across diverse infrastructure transactions, thereby improving economic diversification and competitiveness, as well as promoting more equitable growth, strengthening local value chains and financial markets in Nigeria. InfraCredit’s operations will catalyse infrastructure investments in critical sectors such as renewable energy, housing, transportation, agricultural infrastructure, and telecommunications, which are critical for the country’s economic development. These also align with the Bank’s High 5 agenda.
When British philosopher David Hume asserted that the “corruption of the best produces the worst,” he was telling us how religion can corrode the soul. He may have written those lines centuries back. They however point inquisitorial fingers at an impostor Christian assemblage that goes by the name National Christian Elders Forum.
This is a body I should ignore, except that they claim two important fidelities. One, they say they are Christian, which might even get a pass into insignificance since we have too many such groups around. To claim to be Christian does not necessarily grant anyone immunity against the working of the devil, according to scriptures. Many will say I am Lord the Christ, said the Lord. But this group is a band of elders.
If, on the surface, you look at the members, you will grant them their right to age. Theophilus Danjuma, for instance, is no doubt an old man. With his grey hair and his slow, if majestic walk, we cannot doubt that his is. Ditto Zamani Lekwot, Ezeife and a few others who are in their hoary years.
What irks is the combination of Christian and elders, and that is the imperious audacity of that assemblage. In a sense, they are making themselves into the aristocracy of the faith. If they remained there, it would be acceptable, if not right. They are, after all, entitled to their own grandiosity and pious delusions.
But when they want to impose their worldviews on the rest of us, especially on the political front, they will have to be held to account. They did that recently when the Christian Association of Nigeria paid a visit to President Muhammadu Buhari to congratulate him on his victory in the election.
They said through its chairman, Solomon Asemota, that the visit was an endorsement. They said it was premature and that the visit did not take cognisance of Atiku’s objection to the polls result that he is now challenging in the court of law.
These impostor elders of the Christian faith baffle those who know the scriptures and one or two things about the rule of law and how they cohabit. But more especially if you know that the NCEF is a political group masking as elders of the vineyard.
If the group says congratulations to the president, what is wrong with that? This writer has never been a fan of CAN, and it has over the few years served as a toady of power. But that is beside the point here. It has the right to congratulate anyone after an election. It is showing its loyalty to law. I don’t accept that you have to bow to any form of constituted authority as some Pentecostals and other faithful say when they interpret Paul in scripture. You only obey when they don’t contradict the will of God. We rather obey God than man, said Paul who, along with his fellow apostles, set their faces against the powers of the day and died doing it.
According to Asemota, we ought to wait for the courts before doing that. This is hypocrisy. They should have been more subtle if they wanted to hide their love for Atiku and the PDP. They could not.
Rather than leave the matter at the mere congratulations, they unveiled their rage at Buhari and that he has been complicit in the killing of Christians in the north. This shows two things. One, that they were against the congratulations because he was not their preferred choice at the polls. They have the right to their democratic choices. But they should not be hypocrites about it. They should have said they were against Buhari. They cannot say they are for the rule of law by cherry-picking the law and institution in the land. If you are for the rule of law, they should accept INEC’s result while awaiting the determination of the court case.
That means they have to follow due process. In their own case, they want to dictate what process is due and when. If they are against the handling of the killings in the north, that is a different matter and it belonged to a different press statement. This author decries the incompetence with which the Buhari government has handled security in the country. These days it is even worse, as though he has no idea the nation is bowing ever so tragically to slaughter and dark forces.
He, a general who should lead the way, is reflecting a supine incapacity to secure lives. But that should be different from merely bringing politics into the matter, especially of the partisan type. Men like Danjuma now at a latter day are trying to show that they are against northern domination, or Fulani domination. Did he not make his career in the military by pitching his tent with those he now sees as northern hegemons?
Danjuma was the man who led soldiers to the western region to put Ironsi to death. Fajuyi said it should not happen. Danjuma and his men should execute him if his host was not spared, he prayed. But Danjuma was the master of the ceremony of the slaughter that dreary dawn. One Hebron Tuti, who denied recently as a general, fired the shot that fell Fajuyi. Both men went, and that day Danjuma, in what was known as the counter-coup, anointed himself as perhaps the most frontal ambassador of the northern hegemon.
Now he has started crying. He says his people should fight and defend themselves. When he was on the frontline his people seemed immune because their streets were tame with peace. Now, he is turning to wisdom on a latter day. He needs to retrace his erring past, his past of servile soldiery. Is he now in the league of Cardinal Woolsey, who served his king but forgot his God? He was the cardinal in those days of turbulent monarchy in England under the cunning Henry the Eighth, Anne Boleyn, Thomas Cromwell, et al. He said, “If I had served my God as diligently as I have served my king, he would not have abandoned me in my old age.”
Now, Danjuma, in his old and grizzly years, is now a defender of justice. And what a way to do it. Asemota, who is a SAN, could not even see the barefaced contradiction of his statement. If he wanted justice, he should have known that you don’t merge two contradictory pleas in one. You cannot choose what law to obey. That in itself is a plea to anarchy.
Paul said elders should not provoke the young. I wonder if the elders know that part of their scripture. But Danjuma and company of renegade elders should pay attention to the words of British writer and novelist that, “There is no such thing as old age; there’s only sorrow.”
Of Saraki, Fasuan and Fayemi
While our Bukola “Eleyinmi” Saraki is still locked in an existential battle in the Senate to reincarnate his sort of coup of 2015, at home he has no real legacy. It only shows why Otoge became Otope for the people of Kwara State. In a recent visit to the place, my first in about 30 years, I saw no legacy of significance that he and his father bequeathed.
Fasuan
Whether it was major roads, schools, the stadium, the Government House and the Government Reserved Area and Kwara Hotels, even the airport, they all were products of the military. They were legacies of George Innih and David Bamgboye. The one thing I saw was the Kwara State University but he had an ego to sate by that: his own. He wanted to name it after himself, but he was resisted. So he did not want to do it for the people but himself. He wanted a landmark he did not desrve.
This is unlike what Governor Kayode Fayemi did for men of substance in Ekiti State by naming schools after them. One of them was Chief Deji Fasuan, a man who helped build the Western Region, a thinker and technocrat of the first order that is hard to see in these days of easy money and delinquent thinking. Congratulations to Chief Fasuan, thanks to Fayemi.